Saudi Arabia allows foreigners to invest in firms with property in Mecca, Medina

Saudi Arabia: Mecca, Medina opens for foreign investors to boost development

Business & economy | World | The decision will allow foreigners to invest in companies whose revenues rely on the Islamic pilgrimage, one of the leading sources of revenue for the kingdom.

Saudi Arabia welcomes foreign investment into holy cities

Saudi Arabia will allow foreign companies to invest in Saudi companies that own properties in Mecca and Medina, possibly forshadowing a lift on its ban on foreigners in the holy cities

Saudi Arabia Opens Mecca, Medina For Foreign Investments

ShareThe Government of Saudi Arabia has announced a groundbreaking decision to permit foreign investment in Saudi-listed companies that own real estate in the holy cities of Mecca and Medina. This policy change, revealed by the kingdom’s Capital Market Authority (CMA) aimed at bolstering investment, enhancing the capital market’s competitiveness, and supporting the local economy. According to... The post Saudi Arabia Opens Mecca, Medina For Fore…

Saudi Arabia opens Mecca, Medina to foreign investors

Riyadh, Saudi Arabia — Saudi Arabia on Monday said foreigners are from now on allowed to invest in Saudi-listed companies that own property in Mecca and Medina, Islam’s two holiest cities. The decision “aims to stimulate investment, enhance the attractiveness and efficiency of the capital market, and strengthen its regional and international competitiveness while supporting

Saudi Arabia Opens Mecca and Medina Real Estate Firms to Foreign Investment - The Media Line

Saudi Arabia has announced a significant policy shift […] The post Saudi Arabia Opens Mecca and Medina Real Estate Firms to Foreign Investment appeared first on The Media Line.

The Saudi Capital Market Authority: Allowing Foreign Investment in Real Estate Listed Companies Operating in Makkah and Madinah

RIYADH, Saudi Arabia, Jan. 28, 2025 (GLOBE NEWSWIRE) -- The Saudi Capital Market Authority (CMA) has announced that foreigners are allowed to invest in Saudi listed companies in the Saudi capital market that own real estate within the boundaries of the cities of Makkah and Madinah, starting today. This follows the approval of the Controls for the Exclusion of Companies Listed in the Saudi Stock Exchange (Tadawul) from the Meaning of the Phrase (…